N47 – Next47

Next47, founded in 2016 as a wholly owned subsidiary of Siemens AG, is a global venture capital firm dedicated to partnering with visionary enterprise founders to develop groundbreaking products and technologies. Leveraging Siemens’ extensive global footprint and technical expertise, Next47 supports startups across the entire venture lifecycle, from incubation to growth and exit. The firm operates major offices in innovation hubs including Palo Alto, Munich, Berlin, London, Tel Aviv, Paris, and Shanghai.

Next47 focuses on investing in B2B startups in enterprise technology sectors such as SaaS, IT infrastructure, and industrial technology including manufacturing, construction, proptech, energy, transportation, logistics, and supply chain. Its investment philosophy emphasizes early-stage ventures with high growth potential, combining financial discipline with hands-on operational support. The firm’s unique dual-team structure balances investment decisions with go-to-market execution, enabling portfolio companies to scale effectively.

Backed by approximately €1 billion in funding over five years, Next47 has invested over €800 million in more than 180 startups globally. The firm’s portfolio includes 239 companies with 14 unicorns, spanning North America, Europe, Israel, and other key markets. Next47’s approach prioritizes financial returns while leveraging Siemens’ ecosystem to provide strategic value without imposing corporate constraints, positioning it as a leading corporate venture capital firm competing with top-tier independent VCs.